GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re able to read more about oureditorial guidelinesand our products and servicesreview methodology.
Renting does not build equity, but it offers more financial flexibility and fewer responsibilities.
Renters are not liable for property maintenance, major repairs or property taxes, providing a hassle-free living experience.
Homeowners also enjoy tax benefits, such as deductions on mortgage interest and property taxes.
However, they must also handle ongoing costs like maintenance, repairs and market fluctuations.
Essentially it comes down to how your short-term savings look when compared to your long-term financial goals.
First GOBankingRates found the top 100 cities by population as sourced from the US Census American Community Survey.
The average rental cost was sourced from the Zillow Observed Rental Index for each city.
All data was collected on and is up to date as of July 15, 2024.
For our full Privacy Policy,click here.
